Court Orders Twitter To Provide More Data Over Bots to Elon Musk

in #alert2 years ago

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The U.S. SEC has investigated Twitter’s approach to detecting spam accounts.
Elon Musk initially offered to buy out the social media platform for $44B.
This past Thursday, Delaware Court of Chancery judge and chancellor Kathaleen St. J. McCormick issued an order mandating that Twitter Inc. (NYSE: TWTR) furnish further information to Elon Musk, CEO of Tesla and SpaceX. Plaintiff Twitter filed a lawsuit against Musk and his firms X Holdings I and X Holdings II for breach of contract after they backed out of a $44 billion agreement to acquire Twitter. So now Musk is suing Twitter back.

The judge mentioned:
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Dispute Over Spam Accounts
mDAU stands for Twitter users who logged in and visited Twitter on any given day via Twitter.com or Twitter apps that are able to display advertisements, as defined by the social media business.

The order further read:
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Meanwhile, according to a new regulatory filing made public, the U.S. Securities and Exchange Commission (SEC) has investigated Twitter’s approach to detecting spam accounts. The SEC wrote to Twitter CEO Parag Agrawal on June 15 requesting details on how the firm determines the number of automated accounts.

The twitter buyout spat has been going around for a while with Elon Musk initially offering to buy out the social media platform for $44B.

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